ALMA MEDIA CORPORATION PRESS RELEASE 28.11.2007
ALMA MEDIA EXPANDS ITS BUSINESS TO CROATIA
According to its strategy, Alma Media's Marketplaces business unit
continues to expand internationally and will open a home and real
estate portal called City24 in Croatia.
City24 is already in operation in the Baltic countries, Russia,
Poland and Ukraine. Measured by the number of visitors, it is one of
the leading home and real estate portals in Europe. City24 users can
search for homes and properties in all areas where City24 is active,
even outside their own country.
In Finland, the corresponding service is Alma Media's Etuovi.com,
Finland's most popular and best known nationwide online service for
home and property sales. The service also includes a special
newspaper focusing on home sales that is distributed to almost a
million households in five localities.
After the service in Croatia is running, Alma Media intends to launch
the City24 home portal in Bulgaria and other Adriatic Sea countries.
Raimo Mäkilä, SVP, Head of Marketplaces, Alma Media, tel. + 358 40
Alma Media is a profitably growing and internationally expanding
company that invests in the future of newspapers and the online
media. Its best known products are Aamulehti, Iltalehti, Kauppalehti
Net sales in 2006 totaled EUR 302 million and the operating margin
was 16 %. The company's share is listed in the Mid Cap segment of the
OMX Nordic Exchange's Nordic List, trading code ALN1V. More
information at www.almamedia.fi.